Madhya Bharat Agro Products Reports FY26 Results with 84% Revenue Growth
Madhya Bharat Agro Products Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported total income of Rs. 188383.04 lakh for the full year, representing an increase from Rs. 107041.48 lakh in the previous year. Net profit for the year stood at Rs. 15018.24 lakh compared to Rs. 5747.56 lakh in FY25. The Board of Directors has recommended a final dividend of Re. 0.50 per share for the financial year 2025-26, subject to shareholder approval. The company's statutory auditors, M/s. Ashok Kanther & Associates, have issued an unmodified opinion on the audited financial results.

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madhya bharat agro Products Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company's total income for the financial year reached Rs. 188383.04 lakh, a significant increase from Rs. 107041.48 lakh reported in the previous fiscal year. Revenue from operations for FY26 stood at Rs. 186698.03 lakh, compared to Rs. 105916.70 lakh in FY25.
Financial Performance Overview
The company reported a profit before tax of Rs. 17405.32 lakh for the year ended March 31, 2026, up from Rs. 9462.15 lakh in the corresponding period of the previous year. After accounting for tax expenses, the net profit for the period from continuing operations amounted to Rs. 15018.24 lakh, compared to Rs. 5747.56 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a total income of Rs. 40385.73 lakh and a net profit of Rs. 5975.72 lakh.
Key Financial Metrics
| Particulars | Year Ended 31.03.2026 (Rs. in Lakhs) | Year Ended 31.03.2025 (Rs. in Lakhs) |
|---|---|---|
| Total Income | 188383.04 | 107041.48 |
| Total Expenses | 170977.72 | 97579.33 |
| Profit Before Tax | 17405.32 | 9462.15 |
| Net Profit | 15018.24 | 5747.56 |
| Basic EPS (Rs.) | 17.14 | 6.56 |
Balance Sheet Position
The company's total assets as of March 31, 2026, stood at Rs. 168243.24 lakh, compared to Rs. 94558.17 lakh in the previous year. Total equity increased to Rs. 54969.96 lakh from Rs. 40384.81 lakh. Non-current assets grew substantially to Rs. 77171.94 lakh from Rs. 43571.50 lakh, primarily driven by property, plant and equipment at Rs. 40901.57 lakh and capital work-in-progress at Rs. 27747.71 lakh.
Dividend Recommendation and Corporate Updates
The Board of Directors has recommended a final dividend of Re. 0.50 per share for the financial year 2025-26, subject to the approval of shareholders. The company holds long-term credit ratings of CRISIL "A+(Stable)" and ICRA "A+ (Stable)." The statutory auditors, M/s. Ashok Kanther & Associates (Firm Registration No: 050014C), have issued their report with an unmodified opinion on the audited financial results. The company clarified that it had inadvertently missed filing the declaration on unmodified opinion but has now submitted the same to the National Stock Exchange.
Historical Stock Returns for Madhya Bharat Agro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | +9.21% | +6.95% | +38.31% | +125.57% | +1,279.29% |
What factors drove the exceptional 161% net profit growth, and can this momentum be sustained in FY27?
How might the company's expansion plans utilize the strengthened balance sheet and improved cash position?
Will Madhya Bharat Agro consider increasing its dividend payout ratio given the significant improvement in earnings per share?


































